On December 18, 2025, LINKBANCORP, Inc., Camp Hill, Pennsylvania, and Burke & Herbert Financial Services Corp., Alexandria, Virginia, entered into a merger agreement pursuant to which LINKBANCORP will merge with and into Burke & Herbert in an all-stock transaction valued at approximately $354 million.

LINKBANCORP is the holding company for LINKBANK and has approximately $3.1 billion in assets. LINKBANK conducts its operations in Pennsylvania, Maryland, Delaware, and Virginia.

Burke & Herbert is the holding company for Burke & Herbert Bank & Trust Company and has approximately $7.9 billion in assets. Burke & Herbert Bank & Trust conducts its operations in Virginia, Delaware, Kentucky, Maryland and West Virginia.

Luse Gorman is serving as legal counsel to LINKBANCORP in the transaction. The Luse Gorman team consists of Benjamin Azoff, Gregory Sobczak, Brendan Saxon, Jeff Cardone, Agata Troy and Anahita Mohtasham-Gharagozloo.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and on more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.